Why Tesla Stock Raced Higher Today

Shares of Tesla (NASDAQ: TSLA) gained 4.7% Tuesday on a report showing strong China sales for the electric vehicle (EV) maker in August. 

Additionally, The Wall Street Journal reported Monday that Tesla was well-positioned to win federal grant money for building out its charging network, opening up another revenue stream for the EV leader.

Image source: Tesla.

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Source Fool.com